First Commerce Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 590687423 ✦ Tallahassee, FL ✦ Designated as a 501(c)(14)

Overview

What is First Commerce Credit Union?

First Commerce Credit Union is a member-focused financial cooperative based on providing services and education to over 44,000 members. Their mission is to be a reliable financial partner for life by offering an extensive range of electronic services, such as digital banking, transfers, mobile deposits, and same-day bill pay. Additionally, they excel in auto lending, boasting Tallahassee's top program with various loan choices for their members.


Official website here: www.firstcommercecu.org

Is First Commerce Credit Union legitimate?

First Commerce Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Commerce Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $2,441,186
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,642,313

For more financial information, click here


Official website here: www.firstcommercecu.org

What is the mission statement of First Commerce Credit Union?

First Commerce Credit Union is committed to serving its members by providing essential financial services and education within the structure of a cooperative. The mission of the credit union is to act as a trusted financial partner for its members for life. Through a variety of electronic offerings, such as digital banking and mobile services, the credit union makes it convenient for nearly 44,000 members to manage their finances. First Commerce takes pride in its strong auto lending program, offering various loan options to its members.


Official website here: www.firstcommercecu.org

Who is the CEO of First Commerce Credit Union?

Cecilia Homison is the Principal Officer of First Commerce Credit Union. The CEO's salary of First Commerce Credit Union is $581,104 and their total compensation is $670,590.


Official website here: www.firstcommercecu.org

What is the revenue of First Commerce Credit Union?

First Commerce Credit Union's revenue in 2022 was $49,452,473.


Official website here: www.firstcommercecu.org

Who are the executives of First Commerce Credit Union and what are their salaries?

The average compensation at First Commerce Credit Union during 2022 was $42,341. There are 309 employees and 12 volunteers at First Commerce Credit Union.

Here are 18 key members and their salaries (First Commerce Credit Union's CEO's salary is $581,104 and their total compensation is $670,590):

    Cecilia D Homison (Ceo)
  • Compensation: $581,104
  • Related: $0
  • Other: $89,486

    • Mary B Estes (Executive Vice President)
  • Compensation: $441,630
  • Related: $0
  • Other: $74,464

    • Dennis G Adams (Senior Executive Vice President)
  • Compensation: $376,890
  • Related: $0
  • Other: $65,695

    • Justin Hof (Chief Information Officer)
  • Compensation: $253,733
  • Related: $0
  • Other: $56,038

    • Kimberly S Howes (Coo)
  • Compensation: $259,562
  • Related: $0
  • Other: $35,903

    • Steven Reynolds (Vice President Of Business Services)
  • Compensation: $194,247
  • Related: $0
  • Other: $24,226

    • Angela Terhune (Cfo)
  • Compensation: $166,423
  • Related: $0
  • Other: $40,258

    • Barbara Williams-Anderson (Market Executive)
  • Compensation: $167,161
  • Related: $0
  • Other: $37,953

    • Joy Sanders (Vice President Of Member Services)
  • Compensation: $149,405
  • Related: $0
  • Other: $43,738

    • Wilma T Wooten (Controller)
  • Compensation: $160,871
  • Related: $0
  • Other: $31,737

    • Warren Sumner (Director Of Lending)
  • Compensation: $150,068
  • Related: $0
  • Other: $34,231

    • Alan Neubauer (Bod Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathy Arrant (Bod Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shonda Knight (Bod Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Grayson (Bod Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerry Osteryoung (Bod Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Canita Peterson (Bod Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Casey Stoutamire (Bod Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.firstcommercecu.org

    Where can I find the form 990 for First Commerce Credit Union?

    The First Commerce Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.firstcommercecu.org

    Learn more at the official website: www.firstcommercecu.org

    Mission Statement of First Commerce Credit Union

    First Commerce Credit Union, a financial cooperative, is dedicated to delivering services and education to its over 44,000 members. Acting as their financial partners for life, the credit union goes beyond offering financial products. They pride themselves on their wide range of electronic services, enabling members to manage their accounts with ease through digital banking. This includes account tracking, transfers, mobile deposits, and same-day bill pay.

    First Commerce Credit Union's mission extends beyond the realm of traditional banking. In the heart of their operations lies a commitment to put their members' needs first. They are not just a financial institution, but a trusted partner for their members. And to further illustrate their dedication, they boast an exceptional auto lending program in Tallahassee, providing members with a variety of loan choices for their automotive needs.

    Impact

    This information is meant to be a general summary of First Commerce Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    First Commerce Credit Union's impact can be seen in the way it provides valuable financial services and education to its 44,000 members in Tallahassee, Florida. By operating as a financial cooperative, First Commerce strives to be its members' lifelong financial partners. Through a range of electronic services, including digital banking for account tracking, transfers, mobile deposits, and same-day bill pay, the credit union offers convenience and accessibility to its members. Additionally, First Commerce's top-rated auto lending program provides members with a variety of loan options, further strengthening their financial well-being. Overall, First Commerce Credit Union's impact lies in empowering its members to make informed financial decisions and achieve their goals.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,495,456
  • Program Service Revenue: $45,957,017
  • Gross Receipts: $49,646,354

    • Assets and Liabilities:
  • Total Assets: $1,014,264,212
  • Total Liabilities: $942,949,692
  • Net Assets: $71,314,520
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOANS TO MEMBERS

    Revenue

    $30,756,209

    FEES, CHARGES, & OTHER

    Revenue

    $15,010,101

    FINANCE & INSURANCE

    Revenue

    $190,707

    Organization Details

    Founding Year

    1940

    Principal Officer

    Cecilia Homison

    Main Address

    2073 SUMMIT LAKE DRIVE 100, TALLAHASSEE, FL, 32317

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of First Commerce Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.